Hennion & Walsh Asset Management Inc. Has $1.45 Million Position in Apollo Tactical Income Fund Inc. (NYSE:AIF)

Hennion & Walsh Asset Management Inc. lessened its position in Apollo Tactical Income Fund Inc. (NYSE:AIFFree Report) by 14.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,248 shares of the company’s stock after selling 18,328 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Apollo Tactical Income Fund were worth $1,447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in shares of Apollo Tactical Income Fund in the first quarter valued at about $29,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Apollo Tactical Income Fund in the third quarter valued at about $35,000. Captrust Financial Advisors acquired a new stake in shares of Apollo Tactical Income Fund in the second quarter valued at about $49,000. GPS Wealth Strategies Group LLC acquired a new stake in shares of Apollo Tactical Income Fund in the second quarter valued at about $55,000. Finally, Apollo Management Holdings L.P. acquired a new stake in shares of Apollo Tactical Income Fund in the first quarter valued at about $63,000.

Apollo Tactical Income Fund Stock Performance

AIF stock opened at $13.99 on Friday. Apollo Tactical Income Fund Inc. has a twelve month low of $11.77 and a twelve month high of $14.59. The stock’s 50 day moving average is $13.49 and its 200-day moving average is $13.15.

Apollo Tactical Income Fund Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 24th will be issued a $0.133 dividend. The ex-dividend date is Tuesday, January 23rd. This represents a dividend yield of 11.35%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada decreased their price target on Apollo Tactical Income Fund from $55.00 to $52.00 and set a “sector perform” rating for the company in a research note on Friday, November 10th. BMO Capital Markets reaffirmed a “market perform” rating and set a $53.00 target price (down previously from $68.00) on shares of Apollo Tactical Income Fund in a research note on Friday, November 10th.

Get Our Latest Analysis on AIF

About Apollo Tactical Income Fund

(Free Report)

Apollo Tactical Income Fund Inc is a closed-ended fixed income fund launched and managed by Apollo Credit Management, LLC. The fund invests in fixed income markets. It primarily invests in senior secured loans including floating rate senior loans, high yield corporate bonds, and other credit instruments of varying maturities made to companies whose debt is typically rated below investment grade.

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Institutional Ownership by Quarter for Apollo Tactical Income Fund (NYSE:AIF)

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